2018

ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT

SEC ADVISORY

The Commission has received reports concerning announcements, blog

posts, and news releases on a partnership allegedly entered into by the Philippine
Senate and DIGITAL CURRENCY CO. LTD. for the release of a virtual
currency called "PHILIPPINE GLOBAL COIN" (hereafter "PGC"). DIGITAL
CURRENCY CO. LTD. is allegedly marketing PGC as an initiative of the
Philippine Government, enticing Overseas Filipino Workers in particular as
investors.

In a news article published on the Inquirer website, Senate President

Aquilino Pimintel III has publicly denied any partnership with DIGITAL
CURRENCY CO. LTD. and called it a "swindling operation." He clarified that it
is not the mandate of the Senate to issue currency, but that of the Bangko Sentral
ng Pilipinas. He narrated that a certain BOY JOVEN, together with
representatives of DIGITAL CURRENCY CO. LTD., made a courtesy call to
his office, promoted their virtual currency plans, and took photographs with him.
Those photographs were then used as proof of the alleged partnership.

The public is hereby informed that DIGITAL CURRENCY CO. LTD. is

not registered with the Commission either as a corporation or partnership. Further,
it is not authorized to solicit investments from the public as it has not secured the
necessary license or permit from the Commission as required under Sections 8 and
12 of the Securities Regulation Code (SRC).

Consequently, DIGITAL CURRENCY CO. LTD. and its officers,

salesmen and agents are NOT ALLOWED BY LAW to OFFER and/or to SELL
securities in the Philippines or to perform any similar acts, whether online or not.

Likewise, on 8 January 2018, the SEC issued an advisory stating that some
virtual currencies are securities within the purview of Section 3.1 of the SRC.
Thus, these virtual currencies should be registered pursuant to Sections 8 and 12 of
the SRC. To date, the SEC has not approved any application for the registration of
any virtual currency as a security.

Copyright 1994-2018 CD Technologies Asia, Inc. Securities and Exchange Commission 2019 First Release 1
 In view thereof, the public is hereby advised to STOP INVESTING in
these kinds of unregistered investment activity and to take the necessary
precautions in dealing with DIGITAL CURRENCY CO. LTD.

For complaints and reports of unauthorized activities, please contact the

Enforcement and Investor Protection Department (EIPD) at telephone number
818-6337 or email epd@sec.gov.ph.

For the guidance of the public.

Copyright 1994-2018 CD Technologies Asia, Inc. Securities and Exchange Commission 2019 First Release 2